Tuesday, May 31, 2011

Cash Request Clarification From SpeakAsia

There have been confusions going on with an update on SpeakAsia website "Total cash request in a year cannot exceed your referral income from sale of e-zines"
Unfortunately there was an issue with the system due to which the entire sentence could not get updated. SpeakAsia has not rectified the same and the complete sentence is as follows:
"Total cash request in a year cannot exceed your referral income from sale of e-zines, own survey income and own product sales earnings. This means you can transfer your e wallet RP to other panelists but not your survey or shopping-e-wallet income"
This typically means:

  • You cannot en-cash money more than your entire earning put together (which of course is very clear and obvious)
  • Addition Of Shopping-e-Wallet - This would work exactly as Survey-e-Wallet works. You can transfer the money from your Panel-e-Wallet to anyone but Survey-e-Wallet and Shopping-e-Wallet cannot be transferred to anyone, it can only be transferred within your tripod which has been created using the same number.

You can find the above pop up on SpeakAsia's website too.
http://assets.speakasiaonline.com/static_popup/cashReqmsg2.html

In Simpler Terms, If We Need To Illustrate This With An Example Then This Is How It Goes: Lets Assume The Below Earnings. Lets Say You Earn :


  • Rs 10,000 from Your Survey Income
  • Rs 01,000 from your Royalty Survey Income
  • Rs 10,000 from your Direct Referral Income
  • Rs 05,000 from your Pair Income
    Here, your total income becomes, Rs 26,000
Now, assuming that any of your friends/uplines/downlines transfers you Rs 4000 in your account. Hence, your balance now becomes Rs 30,000.
BUT, as per the company policy and the update in the FAQ section, You CANNOT withdraw Rs 30,000 in your bank account, you can withdraw Only Rs 26,000 as you have earned only Rs 26,000 (from the above calculation  The Rs 4000 which you cannot withdraw is that money which has been earned by someone else but transferred to your account.

In Short -
You Can Cash Only That Money In Your Bank Which You Have EARNED and NOT Which Has Been TRANSFERRED To You.


Source:http://www.bizbasket.net/2011/05/cash-request-clarification-from.html

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